This is the second in a 5-part series of blog posts that will help you identify if your company needs a Finance Transformation. The time it takes to turn around a Financial Forecast could be the difference between life and death for some Companies. The need for rapid scenario iteration can support executive decision-making regarding…
How many FTEs it takes to keep the Finance Function wheel turning varies.
This is the fourth in a 5-part series of blog posts that will help you identify if your company needs a Finance Transformation. The acceleration of the monthly Financial Close is one of the most common frustrations from Controllers and CFOs. When fewer days are devoted to the Financial Close, key reports can be distributed…
Company should strive to have Finance Function expenses grow at a slower rate than revenue
5 Financial Indicators That Your Company May Need a Finance Transformation
Fresh out after getting my MBA, I went to work for a large management consulting firm doing forensic and litigation consulting work. With the office located in downtown Washington D.C. many of the senior leaders were former Security and Exchange Commission (SEC) employees who had moved to representing various clients in regarding SEC filings. I had…
“People … operate with beliefs and biases. To the extent you can eliminate both and replace them with data, you gain a clear advantage.” Michael Lewis Moneyball: The Art of Winning an Unfair Game Analytics married to Big Data these days must appear to many CEOs as a corporate fountain of youth, capable of shedding…
In many organizations, there exists a disconnect between strategy and execution with the missing piece being the lack of an effective budgeting and planning processes. The budgeting and planning process is the gear that converts the potential energy held with the strategy to the kinetic energy of execution within operations. However, the traditional budgeting and…